Thursday 23 November 2017
 
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UAE banks

UAE banks top GCC peers with $720bn in assets

The asset value of 48 banks operating in the UAE amounted to around Dh2.3 trillion (US$720 billion) by the end of September, according to UAE Central Bank statistics. This proves that the UAE banking system's solvency profile

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Assets of UAE traditional banks hit $571bn

The assets held by traditional banks operating in the UAE surged to Dh2.103 trillion ($571 billion), accounting for 79.6 per cent of the total assets of the country's banking apparatus until the end of September, a report said.

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UAE bank deposits hit record $209bn in September

Term and savings deposits in both local and foreign currency in the UAE banks amounted to a total of Dh768.3 billion ($209.14 billion) in September against Dh752.3 billion in August, increasing by around Dh16 billion, amounting to, according to

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UAE banks lead GCC with $723 billion in assets

The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached Dh2.66 trillion ($723 billion) for 2016.

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Term deposits in UAE banks rise by $5.4bn

Medium and long-term deposits in UAE banks increased by Dh19.9 billion ($5.4 billion) by the end of the first seven months of 2017, bringing to Dh210 billion the total deposits held the banking sector, a growth of 7 per cent over the correspondi

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UBF launches threat intelligence sharing platform

The UAE Banks Federation (UBF), comprising 48 member banks operating in the UAE, has launched its first Information Sharing and Analysis Center (ISAC), powered by Anomali, provider of market-leading threat intelligence platforms.

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Large UAE banks set to post solid profitability: Moody’s

Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, said Moody's Investors Service in a new report. The

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UAE banks offer tips against scams

The UAE Banks Federation (UBF), a professional body representing 48-member banks operating in the UAE, has shared some easy-to-implement tips which can help residents in the UAE protect themselves against certain types of fraud. T

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Short-term deposits in UAE banks hit $119bn in H1

The total value of short-term deposits in UAE banks reached Dh439.7 billion ($119 billion) by the end of June, rising by Dh27.9 billion during the first half of the year, according to UAE Central Bank statistics. According to Cent

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UAE bank ATMs surge to 5,219, up 2pc in H1

The number of automatic teller machines (ATMs) operated by banks in the UAE hit a total of 5,219 by end of H1, an increase of 2 per cent from 5,118 in the same period in 2016, according to UAE Central Bank statistics. The continua

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